In the previous session, the rupee had settled at 74.62 against the US dollarThe rupee depreciated 17 paise to 74.79 against the US dollar in opening trade on Thursday, following a strong dollar overseas and subdued sentiment in the domestic equities. At the interbank foreign exchange, the domestic unit opened weak at 74.75 against the dollar, then fell further to 74.79 in the morning session, registering a fall of 17 paise over its previous close. In the previous session, the rupee had settled at 74.62 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, surged 0.11 per cent at 92.74. Global oil benchmark Brent crude futures fell 0.07 per cent to USD 73.38 per barrel.

Source: The Hindu July 08, 2021 05:15 UTC